Baker Hughes rig report: Status quo in American industry while Canadian numbers continue to dip
Baker Hughes has released their latest rig report on Friday, with the U.S. market holding firm, while the Canadian industry seeing a continued slide in its rig count numbers.
The U.S. rig count is up 1 from last week at 403 with oil rigs up 1 to 310, gas rigs unchanged at 92, and miscellaneous rigs unchanged at 1. Overall, the U.S. rig count is down 390 rigs from last year's count of 793, with oil rigs down 372, gas rigs down 17 and miscellaneous rigs down 1.
The U.S. offshore rig count is down 3 to 14, down 9 year-over-year.
In Canada, the rig count is down 22 from last week to 141, with oil rigs down 12 to 80, gas rigs down 10 to 61. Overall, the Canadian rig count is down 62 rigs from last year's count of 203, with oil rigs down 54, gas rigs down 8.
Additional information on the Baker Hughes rig count is available on our rig count website at http://bakerhughes.com/rig-count.